Joint Chiefs chairman Admiral Mike Mullen put it bluntly: “The biggest threat to our national security is our debt.” He added that, in 2012, America will pay $600 billion in interest on the debt””about what we spend on national defense.
Our adversaries are well aware of our vulnerability. More than a year ago, Chinese communist General Luo Yuan told the state-run Xinhua News Agency that China should attack the U.S. “by oblique means . . . such as dumping some U.S. government bonds.” (China currently holds about $1.16 trillion of U.S. debt.)
